Comcast earnings, revenue rise

NEW YORK (MarketWatch) -- Comcast Corp.
CMCSA, -0.13%cmcsk
reported first-quarter earnings of $466 million, or 22 cents a share, up from $143 million, or 6 cents a share in the year-earlier period. The results include investment gains of $64 million and $34 million in stock option expense. Revenue rose 10% to $5.9 billion from last year's $5.36 billion, as 965,000 new video, high-speed Internet and phone subscriptions were added. Analysts surveyed by Thomson First Call had been expecting earnings of 14 cents a share and revenue of $5.83 billion, on average. The cable services provider expects 2006 revenue growth of 9% to 10%. The stock closed Wednesday up 37 cents at $29.20.

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